Effective Jan. 1, 2024, an estimated 32.6 million entities must report beneficial owner information to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act (CTA). Failure to report will result in harsh penalties. This reporting targets small businesses and holding entities, creating opportunities for accountants, tax practitioners, and other business advisors to expand their services. This course provides an overview of the CTA and details the required information for reporting to FinCEN.
Major topics:\xa0
The Corporate Transparency Act and its goals
Which entities need to file reports and which entities are exempt?
Who is a beneficial owner and what is substantial control?
Information that needs to be reported
How to get your firm and your clients ready for the requirements
Multiple dates are available for this course.
Have questions? We're here to help. Email us atinfo@surgent.com.\xa0
Surgent Accounting & Financial Education, 201 N King of Prussia Rd, Suite 370, Radnor, PA 19087, (800) 778-7436